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Canada: A New Global Taxing Right: Report On The "Statement By The OECD/G20 Inclusive Framework On BEPS On The Two-Pillar Approach To Address The Tax Challenges Arising From The Digitalisation Of The Economy" - Fasken

In January 2020, the OECD/G20 Inclusive Framework on BEPS, a group of 137 countries including Canada, endorsed a statement, which affirmed their commitment to build a global solution...
Tags: News, Canada, OECD, Fasken


Antidepressants linked to increased suicide and self-harm in teens

Australian researchers note a link between rising antidepressant usage and rising suicide rates in youth. Their research pushes back on psychiatry talking points that SSRIs decrease suicide risk. The top method for self-harm and suicide in younger age groups is overdosing antidepressants. In 1947, Dr Howard Rusk published an article in the NY Times. The doctor is advocating for better public education on issues of mental health. Considered to be the founder of rehabilitation medicine, Rusk was...
Tags: Psychology, Australia, Youth, US, America, Mental Health, Depression, Psychiatry, Medical Research, Innovation, New South Wales, Adelaide, Fda, OECD, Perth, Derek


Brazil: The COVID-19 Pandemic And Relief Measures For The ICMS Tax Burden - Tauil & Chequer

The measures are aligned with OECD recommendations and do not represent any tax relief, since they mainly simplify procedures and recognize exemptions.
Tags: News, Brazil, OECD, Chequer


Ukraine: Ukraine Drastically Amends Its Tax System With The New Anti-BEPS Law - Eurofast

Supported by the OECD, the Base Erosion and Profit Shifting (BEPS) Action Plan is spreading across the world to eliminate different tax avoidance strategies. On May 23, the supreme legislative body of Ukraine...
Tags: News, Ukraine, OECD


European countries concede to American demands over digital tax: Report

In the stalemate between the US and four European nations over taxing technology companies according to the size of their presence in each country, Europe blinked first. France, UK, Spain and Italy have offered to limit the scope of their proposed digital taxes after the US threatened to hit the countries with tariffs if they went ahead with their taxes, Bloomberg News reported. The four countries allegedly wrote a letter to US Treasury Secretary Steve Mnuchin, offering to implement a phased app...
Tags: Travel, Europe, UK, News, France, Senate, India, US, Spain, Bbc, United States, United Kingdom, Paris, Italy, US Treasury, OECD


How Did Lisbon Become a World-leading Startup Hub?

Lisbon is fast being considered the California of Europe. And that’s not just because of its west coast setting and balmy climate — the city is getting increasingly competitive with Silicon Valley. International investors have been flocking to Portugal in their droves, with the number of foreign residents growing for four straight years, culminating in around 90,000 new residents in 2019. Many are heading to the Portuguese capital, with the 2018 Immigration, Frontiers and Asylum Report finding t...
Tags: Google, Europe, Business, California, Startup, Eu, Barcelona, Portugal, OECD, Porto, Sap, Mediterranean, Lisbon, Right Now, London Berlin, London Paris


India: BEPS: Analysing The OECD's ‘Unified Approach' On Digital Tax And India's Response - Ikigai Law

A new two percent ‘equalization levy' applies to e-commerce operators servicing Indian residents with effect from 01 April 2020.
Tags: News, India, OECD


Europe to continue with digital services tax plans after US pulls out of talks: Report

European leaders doubled down on their plans to introduce digital services taxes after the US suspended talks with European countries on evolving a new global tax framework for technology companies and warned them of retaliatory measures on June 17. The Financial Times reported both these developments. Steve Mnuchin, the American Treasury Secretary had reportedly sent a June 12 dated letter to four European finance ministers — UK Chancellor of the Exchequer Rishi Sunak, French Economy Minister B...
Tags: Travel, Europe, UK, News, France, Senate, India, US, Eu, Spain, European Union, Bbc, United States, Paris, Italy, Brussels


Shunning international tax talks could trigger trade war - OECD

Failure to work towards an international deal on taxing big digital companies could trigger a dangerous trade war, the OECD said on Thursday, urging countries to remain engaged in talks after Washington announced it was pulling out of them for now.
Tags: Money, Washington, businessNews, OECD


UK and Europe renew calls for global digital tax as US quits talks

Countries in discussions over levy on tech firms such as Google condemn ‘provocation’Britain and European countries are continuing to push for a global digital tax on technology companies such as Google, Facebook and Amazon, despite the US pulling out of the negotiations this week.The prospect of a digital services tax, which the UK hopes could bring in up to £400m annually for the exchequer, has been viewed as unfair by Washington, which has threatened retaliatory tariffs on products from Briti...
Tags: Google, Amazon, Europe, UK, Media, Washington, US, European Union, UK News, World news, US news, Britain, Digital Media, OECD, Google Facebook


EU digs in on digital tax plan, after US quits talks

The European Commission has reiterated its commitment to pushing ahead with a regional plan for taxing digital services after the US quit talks aimed at finding agreement on reforming tax rules — ramping up the prospects of a trade war. Yesterday talks between the EU and the US on a digital services tax broke down after U.S. treasury secretary, Steven Mnuchin, walked out — saying they’d failed to make any progress, per Reuters. The EU has been eyeing levying a tax of between 2% and 6% on the ...
Tags: Amazon, Europe, UK, France, US, Tech, Tax, Eu, Spain, European Union, Economy, Czech Republic, Austria, United States, United Kingdom, New York Times


India joins a global initiative on artificial intelligence as founding member

India joined an international multi-stakeholder initiative on artificial intelligence called the Global Partnership on Artificial Intelligence (GPAI) as one of its founding members on Monday. The USA, UK, EU, Australia, Canada, France, Germany, Italy, Japan, Mexico, New Zealand, Republic of Korea, and Singapore are also members of the initiative. GPAI was officially proposed by France and Canada at the Biarritz Summit in August 2019, according to the Organisation for Economic Cooperation and Dev...
Tags: Travel, News, France, Singapore, India, Artificial Intelligence, Canada, Paris, OECD, Montreal, Ministry, Ravi Shankar Prasad, NASSCOM, Ministry of Electronics and Information Technology, IT Ministry, New Zealand Republic of Korea


Britain's GDP falls by record 20.4% in April as economy is paralysed by lockdown

Latest figures reflect many businesses closing down and workers on placed on furloughCoronavirus – latest updatesSee all our coronavirus coverageBritain’s economy shrank by a record 20.4% in April as the first full month of the coronavirus lockdown triggered an economic crash three times greater than the 2008 financial crisis.Revealing the scale of the downturn, the official figures for gross domestic product (GDP) from the Office for National Statistics showed no area of the economy was left un...
Tags: Business, Economics, UK News, Britain, Office For National Statistics, OECD, Economic growth (GDP, Coronavirus outbreak


Britain's GDP falls 20.4% in April as economy is paralysed by lockdown

Latest figures reflect many businesses closing down and workers on placed on furloughBritain’s economy slumped by 20.4% in April from the previous month as the coronavirus lockdown paralysed the country.Official figures for gross domestic product (GDP) from the Office for National Statistics showed the impact of measures that forced businesses across the UK to close and millions of workers to be put on furlough. April was a particularly tough month for employees and companies, with vast swathes ...
Tags: Business, UK, Economics, UK News, Britain, Office For National Statistics, OECD, Economic growth (GDP


Coronavirus Australia update: Scott Morrison says protesters should be charged if rallies continue – politics live

Australia’s GDP could fall by 6.3% this year if hit by a second wave of infections, the OECD says in a new report. Follow live updatesSign up for Guardian Australia’s daily coronavirus emailDownload the free Guardian app to get the most important news notifications 1.21am BST Josh Frydenberg will be holding a press conference in the next 10 minutes or so - that will be on the OECD report about a second wave 1.18am BST Queensland has one new case - but it is a returned traveller in quaran...
Tags: Health, Business, Australia, Australia news, Infectious Diseases, Coalition, Australian politics, Queensland, Indigenous Australians, OECD, Labor party, Liberal party, Scott Morrison, Australian economy, Josh Frydenberg, Guardian Australia


Coronavirus Australia update: warning of severe Covid-19 economic shock as 'double-hit scenario' looms – politics live

Australia’s GDP could fall by 6.3% this year if hit by a second wave of infections, the OECD says in a new report. Follow live updatesSign up for Guardian Australia’s daily coronavirus emailDownload the free Guardian app to get the most important news notifications 12.28am BST The bells are ringing for the beginning of parliament – Scott Morrison is still talking to Neil Mitchell. 12.26am BST Scott Morrison says he “does not feel defensive” about China, because “we have done nothing to o...
Tags: Health, Business, Australia, China, Australia news, Infectious Diseases, Coalition, Australian politics, Indigenous Australians, OECD, Labor party, Liberal party, Scott Morrison, Australian economy, Guardian Australia, Neil Mitchell


OECD: No deal on digital tax risks trade war

The international group has been overseeing talks on taxing US tech giants.
Tags: Business, US, OECD


Australia coronavirus latest updates: warning of severe economic shock as 'double-hit scenario' looms – politics live

Australia’s GDP could fall by 6.3% this year if hit by a second wave of coronavirus, the OECD says in a new report. Follow live updates 11.21pm BST The number of deaths in custody has risen since Saturday.Listening to the PM on 2GB. Just on the funerals: there have also been funerals after deaths in custody. The problem in this country isn’t that some pain is somehow more terrible than others, the problem surely is a lack of empathy #auspol Related: Aboriginal deaths in custody: Black Live...
Tags: Health, Business, Australia, Australia news, Infectious Diseases, Coalition, Australian politics, Indigenous Australians, OECD, Labor party, Liberal party, Scott Morrison, Black Lives Matter, Australian economy, Coronavirus outbreak, COVID


UK economy could be among worst-hit by virus

The OECD says the UK economy is likely to shrink 11.5% this year - the most among developed countries.
Tags: UK, News, OECD


Coronavirus: UK economy could be among worst hit of leading nations, says OECD

The OECD says the UK economy is likely to shrink 11.5% this year - the most among developed countries.
Tags: UK, News, OECD


Virus pummels global economy, jobs - even without 2nd wave

The virus crisis has triggered the worst global recession in nearly a century -- and the pain is not over yet even if there is no second wave of infections, an international economic report warned Wednesday. Hundreds of millions of people have lost their jobs, and the crisis is hitting the poor and young people the hardest, worsening inequalities, Organization for Economic Cooperation and Development said in its latest analysis of global economic data. “It is probably the most uncertain and dr...
Tags: News, OECD, Angel Gurría


Coronavirus: UK economy could be worst hit among leading nations, says OECD

International agency says UK economy likely to shrink 11.5% this year - the worst of developed countries.
Tags: UK, News, OECD


OECD warns of UK jobs hit with no EU deal or transition delay

Britain risks a big hit to trade and jobs if it cannot strike a post-Brexit deal with the European Union by the end of 2020 or fails to extend its current Brexit transition, the Organisation for Economic Co-operation and Development said on Wednesday.
Tags: UK, Money, Eu, European Union, businessNews, Britain, OECD, Organisation for Economic Co


This is the worst peacetime recession in 100 years, OECD says

The global economy is plunging into the worst peacetime recession in a century, according to the Organization for Economic Cooperation and Development.
Tags: Cnn, OECD


OECD sees deepest peace-time slump in a century

The global economy will suffer the biggest peace-time downturn in a century before it emerges next year from a coronavirus-inflicted recession, the OECD said on Wednesday.
Tags: Money, businessNews, OECD


Don't miss: Economic Outlook Press Conference

Don’t miss webcast of our latest Economic Outlook launch, get the facts as they were presented 10 June: How has COVID-19 affected prospects for the world economy? What is the outlook for jobs, and the economic forecast for your country? What policies are needed now? OECD Secretary-General Angel Gurría and Chief Economist Laurence Boone present. If not showing, click this URL address: https://youtu.be/IV4MR-VxTkI ©OECD June 2020
Tags: OECD, Don, Angel Gurr, Laurence Boone


LIVE: Economic Outlook Press Conference

Don’t miss our latest Economic Outlook launch, Wednesday, 10 June Paris time, here: How has COVID-19 affected prospects for the world economy? What is the outlook for jobs, and the economic forecast for your country? What policies are needed now? OECD Secretary-General Angel Gurría and Chief Economist Laurence Boone will present. If not showing, click this URL address: https://youtu.be/IV4MR-VxTkI ©OECD June 2020
Tags: Paris, OECD, Don, Angel Gurr, Laurence Boone


Canada: Anti-Corruption: OECD Releases Practical Guidelines To Promote A Cultural Shift In Society And Businesses - Davies Ward Phillips & Vineberg

Preventing corruption is a day-to-day challenge that requires society as a whole to become aware of the necessity to foster a real cultural shift.
Tags: News, Canada, OECD, Vineberg, Society And Businesses Davies Ward Phillips


Air conditioner bumps the electric bill by 42%, increasing the risk of energy poverty

A new study by Ca' Foscari and CMCC combines OECD and NASA datasets for 8 countriesto show that the share of households' spending dedicated to cooling is greater to what estimated in previous studies
Tags: Science, Nasa, OECD, CMCC, Ca Foscari


Bermuda: Frequently Asked Questions: Bermuda Economic Substance Requirements - Carey Olsen

The economic substance standards are a global tax policy initiative driven by the Organisation for Economic Cooperation & Development (OECD) (and specifically the OECD's Forum on Harmful Tax Practices (FHTP))...
Tags: News, OECD, Bermuda, Carey Olsen, Bermuda Economic Substance Requirements